DocuSign Envelope ID: 0ED24449-4F8B-4D71-8BEB-1A2846ECEB93
Charity number: 1152822
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
WOKING GYMNASTICS CLUB
DocuSign Envelope ID: 0ED24449-4F8B-4D71-8BEB-1A2846ECEB93
## WOKING GYMNASTICS CLUB
## CONTENTS
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 5|
|**Independent examiner's report**|6|
|**Statement of financial activities**|7|
|**Balance sheet**|8|
|**Statement of cash flows**|9|
|**Notes to the financial statements**|10 - 17|
|The following pages do not form part of the statutory financial statements:||
|**Charity Detailed income and expenditure account and summaries**||
DocuSign Envelope ID: 0ED24449-4F8B-4D71-8BEB-1A2846ECEB93
## WOKING GYMNASTICS CLUB
## REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2021
**Trustees** Lionel Smith-Gordon, Chairman Finn Chu, Vice Chairman Claire Beesly, Treasurer Michael Childress James Porter (appointed 7 February 2022) Barry Rees (appointed 7 February 2022) **Charity registered number** 1152822 **Principal office** Kingfield Road Woking Surrey GU22 9AA **Accountants** Menzies LLP Chartered Accountants Centrum House 36 Station Road Egham Surrey TW20 9LF **Bankers** HSBC Bank plc 6 Commercial Way Woking Surrey GU21 6EZ **Independent Examiner** Janice Matthews FCA Menzies LLP Centrum House 36 Station Road Egham Surrey TW20 9LF
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DocuSign Envelope ID: 0ED24449-4F8B-4D71-8BEB-1A2846ECEB93
## WOKING GYMNASTICS CLUB
## TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2021
The Trustees present their annual report together with the financial statements of the Charity for the year 1 October 2020 to 30 September 2021.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The Charity is controlled by its governing document, the Club Constitution, and constitutes a Charitable Incorporated Organisation formed on 2 July 2013. The Club started operations on 1 October 2013 when it assumed the activities of the previous charity of the same name that had operated since the early 1980s.
## **Trustees & Management**
Trustees are appointed by way of acceptance of nomination at the Annual General Meeting or co-opted during the year as provided for in the Constitution. New trustees are provided with both statutory Charity Commission and Club-specific documentation and training to enable them to fulfil their obligations and to contribute to the running of the Club.
The day to day running of the club is delegated to the Chief Executive Officer who directly manages the administrative functions and our gymnastics programmes; the CEO is not a trustee but reports to the trustees. The trustees set the annual objectives for the Club and CEO through a formal development process with regular reviews and annual assessments of remuneration.
No trustee of the Charity had any personal interest in any contract or transaction entered into by the Charity during the year save for the fact that they are members of the Club and their child(ren) may enjoy the facilities provided by the Club on the payment of the usual fees.
## **Decision Making**
The Club and the Charity operate in accordance with the policies and codes of conduct of the National Governing Body, British Gymnastics.
## **Risk management**
The trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The trustees have considered the major business and operational risks faced by the Charity and have established systems to ensure that the necessary steps are taken to mitigate these risks.
## **OBJECTIVE AND ACTIVITIES**
## **Objective and aims**
The objective of the Charity, as laid down in its Constitution, is the promotion of community participation in healthy recreation in particular by the provision of facilities for gymnastics.
## **Significant activities**
The significant activities of the Club are provision of classes and training sessions for members to undertake gymnastics activities; coaching and training of gymnasts; participation in competitions and events; promotion of well-being through gymnastics in the local community.
The Club also provides a range of activities that deliver benefit to a wider section of the public in the community, described in more depth in the section Annual Review below.
## **Public Benefit Reporting**
The trustees have due regard to the guidance relating to public benefit published by the Charity Commission. The Club’s activities are primarily intended for the benefit of the people of Woking and the surrounding areas. Our Club is open to all, regardless of age, race, gender, or sexual orientation.
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## WOKING GYMNASTICS CLUB
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
Gymnastics requires specialist facilities, equipment, and a high ratio of qualified coaches to gymnasts to enable it to take place safely and this means that it will always be necessary to charge for the use of the facilities and for coaching received.
A bursary programme is in place to cater for situations where access to the Club would otherwise not be possible for a gymnast whose family are suffering significant financial hardship.
## **Charitable activities**
From the beginning of the financial year in October 2020, the Club continued to be affected by the Covid19 pandemic and the measures enforced by HM Government resulting in the continuation of long periods of physical closure severely affecting the ability of the Club to carry out its usual activities. A series of national lockdowns between October 2020 and March 2021, interspersed with brief periods of much reduced capacity and class activity, meant the Club operations were severely restricted until a gradual return to operations from April 2021, seven months into the financial year.
## **Annual Review**
Since emerging from the effects of the Covid-19 pandemic in Spring 2021, the activities of the Club gradually returned to full operation and included:
## **Community activities.**
The Club continued to devote effort to supporting the Woking area and wider community by:
- Weekly visits to local schools promoting gymnastics.
- Associated teacher education at schools and higher edfucation establishments.
- Continued development of coaches and judges via our Leadership Academy.
## **Pre-School classes.**
Our Fun4Baby, Fun4Toddler and classes, designed for groups up to school Reception age, proved popular upon their return to operation in April because of parents wishing for their very young children to gain social interaction after lockdown restrictions had been lifted. Approximately 100 children per week participated.
## **Recreational (Gymnastics for All)**
Our recreational programme provides a range of classes to suit all ages and abilities, including freestyle gymnastics, home educated children, disability gymnastics and adult’s classes.
For the first half of the year (October 2020 to March 2021) our physical recreational programme was required to close by Covid-19 restrictions, and was replaced, in part, by classes run online via Zoom, to support the physical and mental health of our members during periods of lockdown.
Restrictions started to be lifted in April 2021 and we saw the return of 800 gymnasts to our recreational classes.
We continue to support our coaching team with training, including British Gymnastics Level 1, 2 and 3 courses, enhancing the skill levels of our dedicated team.
Numbers within our Floor and Vault competition group have returned to pre-pandemic levels with 120 gymnasts regularly representing the Club at Surrey County and Regional-level competitions.
## **Squad Artistic gymnastics**
For long periods between November 2020 and April 2021, all training and competition activity for both our Men’s and Women’s Squads was suspended due to HM Government Covid-19 restrictions.
Despite these restrictions, both the Women’s and the Men’s artistic gymnastics squads, maintained engagement via virtual squad sessions, enabling the continued retention of 21 women gymnasts and 38 men gymnasts.
When national squad training resumed, the Club was represented by our Men’s gymnasts in the England, Scotland and Great Britain squads.
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## WOKING GYMNASTICS CLUB
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
## **FINANCIAL REVIEW**
The Club has net assets of £394,453 (2020: £423,948) after recording a net deficit of £29,495 (2020: a deficit of £104,081) for the year ended 30 September 2021. Although the Club was physically closed for large parts of the year due to Covid-19 restrictions, virtual classes replaced a selection of physical classes resulting in total revenue for the Club of £594,210, a 11.5 percent increase on the prior year (2020: £532,861). Resources expended on the provision of gymnastic services decreased when compared to the prior year at £623,705 (2020: £636,942).
## **Reserves policy**
Towards the end of the reporting year, the worst effects of the pandemic abated. As a result, the Club seeks to continue to manage its reserves to provide for future unseen events or risks and is developing its reserves policy accordingly.
The additional funds made available via the Bounce Back Loan enabled the Club to continue to operate during periods affected by the Covid-19 restrictions rather than closing. This ensured that we did not need to reduce staffing and were also able to continue to offer financial support via our bursary scheme when it was most needed.
## **OUTLOOK AND FUTURE PLANS**
The activities of the Club are led by the demands of the local community; the Club will continue to respond to the needs identified by local and national research, to provide a programme of events to meet demand and to invest in capabilities which provide services to our community.
## **Facilities Development**
The additional site at Egley Road for the Club’s Elite Gymnastics programme, has continued in operation, when permitted, since its opening in August 2020. With the return to full capacity at our Kingfield site, the Egley Road facility has partially satisfied the much-needed requirement for additional training space.
The trustees continue to believe that the long-term future of the Club can be secured by the development of a larger and better quality facility. We re-opened discussions with Woking Borough Council on the Ten Acre project in mid-2021. However, it has become clear that the project is not financially viable for the Council in the current economic and political environment and, regrettably, the project continues to be on hold with little prospect of progressing. The Club continues to be actively engaged with Council officers to seek alternate facility solutions.
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## WOKING GYMNASTICS CLUB
## TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
## **STATEMENT OF TRUSTEES RESPONSIBILITIES**
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of our Constitution require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period.
In preparing those financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently
- observe the methods and principles in the Charity SORP
- make judgements and estimates that are reasonable and prudent
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports).
## **Regulations 2008 and the provisions of the Constitution.**
They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ **Lionel Smith-Gordon**
Date: 27-Jun-2022
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## WOKING GYMNASTICS CLUB
## INDEPENDENT EXAMINER'S REPORT
## **Independent examiner's report to the Trustees of Woking Gymnastics Club ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 September 2021.
## **Responsibilities and basis of report**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: 27-Jun-2022
Janice Matthews FCA
Menzies LLP Chartered Accountants Centrum House Station Road Egham Surrey TW20 9LF
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DocuSign Envelope ID: 0ED24449-4F8B-4D71-8BEB-1A2846ECEB93
## WOKING GYMNASTICS CLUB
## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2021
|**Note**
**Income from:**
Membership
2
Charitable activities
3
Fundraising
4
Investments
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2021**
**£**
**56,168**
**398,354**
**139,515**
**173**
**594,210**
**623,705**
**623,705**
**(29,495)**
**423,948**
**(29,495)**
**394,453**|**Total**
**funds**
**2021**
**£**
**56,168**
**398,354**
**139,515**
**173**
**594,210**
**623,705**
**623,705**
**(29,495)**
**423,948**
**(29,495)**
**394,453**|_Total_
_funds_
_2020_
_£_
_39,305_
_355,656_
_136,950_
_950_|
|---|---|---|---|
||||_532,861_|
||||_636,942_|
||||_636,942_|
||||_(104,081)_|
||||_528,029_
_(104,081)_|
||||_423,948_|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 10 to 17 form part of these financial statements.
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DocuSign Envelope ID: 0ED24449-4F8B-4D71-8BEB-1A2846ECEB93
## WOKING GYMNASTICS CLUB
## BALANCE SHEET AS AT 30 SEPTEMBER 2021
|**Note**
**Fixed assets**
Tangible assets
8
**Current assets**
Stocks
9
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one year
11
**Net current assets**
**Total assets less current liabilities**
**Total net assets**
**Charity funds**
Unrestricted funds
12
**Total funds**|**5,255**
**11,156**
**346,749**
**363,160**
**(68,540)**|**2021**
**£**
**99,833**
**99,833**
**294,620**
**394,453**
**394,453**
**394,453**
**394,453**|_7,778_
_9,442_
_290,248_
_307,468_
_(32,457)_|_2020_
_£_
_148,937_|
|---|---|---|---|---|
|||||_148,937_
_275,011_|
|||||_423,948_|
||||||
|||||_423,948_|
|||||_423,948_|
||||||
|||||_423,948_|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................ **Lionel Smith-Gordon, Chairman**
## Date: 27-Jun-2022
The notes on pages 10 to 17 form part of these financial statements.
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DocuSign Envelope ID: 0ED24449-4F8B-4D71-8BEB-1A2846ECEB93
## WOKING GYMNASTICS CLUB
## STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2021
|**Cash flows from operating activities**
Net cash used in operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
**Net cash used in investing activities**
Cash inflows from new borrowing
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**|**2021**
**£**
**17,513**
**(11,012)**
**(11,012)**
**50,000**
**56,501**
**290,248**
**346,749**|_2020_
_£_
_(89,435)_|
|---|---|---|
|||_(7,527)_|
|||**(7,527)**|
|||_-_
**(96,962)**
_387,210_|
||||
|||_290,248_|
The notes on pages 10 to 17 form part of these financial statements
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DocuSign Envelope ID: 0ED24449-4F8B-4D71-8BEB-1A2846ECEB93
## WOKING GYMNASTICS CLUB
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
## **1. Accounting policies**
## **1.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Woking Gymnastics Club meets the definition of a public benefit entity under FRS 102.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
## **1.2 Going concern**
It was necessary for the club to close at times during the year due to the measures enacted by HM Government to protect the country from the COVID-19 Coronavirus pandemic.
The Trustees also took further steps to secure the future of the Club and have been monitoring the situation regularly. Although the impact to income was significant, and the future is still not certain, the Trustees do not believe that the impact of the pandemic threatens the future of the Club or the stability of the Charity.
We believe that adequate cash resources will be available to cover the charity’s requirements for working capital and capital expenditure for at least the next twelve months and we are not aware of any other factors that we believe could put into jeopardy the charity’s going concern status. We have considered the effects of the COVID-19 pandemic on the charity and believe that it will not impact the charity’s ability to continue as a going concern. The financial statements have therefore been prepared on the going concern basis
## **1.3 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to donations recieved under Gift Aid or deeds of covenant is recognised at the time of the donation.
## **1.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably..
Charitable activites and Governance costs are costs incurred on the Charity's educational operations, including support costs and costs relating to the governance of the Charity apportioned to charitable activites.
All expenditure is inclusive of irrecoverable VAT.
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## WOKING GYMNASTICS CLUB
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
## **1. Accounting policies (continued)**
## **1.5 Tangible fixed assets and depreciation**
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.
Depreciation is provided on the following bases:
|Sports hall & car park|- 4.18% straight line|
|---|---|
|Gymnastics equipment including|- 20% straight line|
|foam||
|Floor|- 10% straight line|
|Office equipment & fixtures|- 25% straight line|
|Asymmetric bars|- 33.3% straight line|
|Work in progress assets|- 0% (assets not yet in use)|
||20% & 25% straight line (assets in use)|
## **1.6 Stocks**
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
## **1.7 Pensions**
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
## **1.8 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
## **2. Membership income**
|Membership subscriptions
_Total 2020_|**Unrestricted**
**funds**
**2021**
**£**
56,168
_39,305_|**Total**
**funds**
**2021**
**£**
**56,168**
_39,305_|_Total_
_funds_
_2020_
_£_
_39,305_|
|---|---|---|---|
|||||
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## WOKING GYMNASTICS CLUB
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
## **3. Income from charitable activities**
|Clothing & other gymnastics activities
Coaching income
_Total 2020_|**Unrestricted**
**funds**
**2021**
**£**
17,474
380,880
398,354
_355,656_|**Total**
**funds**
**2021**
**£**
**17,474**
**380,880**
**398,354**
_355,656_|_Total_
_funds_
_2020_
_£_
_20,042_
_335,614_|
|---|---|---|---|
||||_355,656_|
|||||
## **4. Fundraising income**
## **Income from fundraising events**
|Gift aid tax refunded
Other fundraising income
Donations
Grants
200 Club
Job Retention Scheme
_Total 2020_|**Unrestricted**
**funds**
**2021**
**£**
8,025
491
956
54,257
1,125
74,661
139,515
_136,950_|**Total**
**funds**
**2021**
**£**
**8,025**
**491**
**956**
**54,257**
**1,125**
**74,661**
**139,515**
_136,950_|_Total_
_funds_
_2020_
_£_
_10,418_
_3,806_
_7,964_
_29,000_
_2,849_
_82,913_|
|---|---|---|---|
||||_136,950_|
|||||
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## WOKING GYMNASTICS CLUB
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
## **5. Analysis of expenditure by activities**
|Recreational Gymnastics
_Total 2020_|**Activities**
**undertaken**
**directly**
**2021**
**£**
377,906
_389,165_|**Support**
**costs**
**2021**
**£**
245,799
_247,777_|**Total**
**funds**
**2021**
**£**
**623,705**
_636,942_|_Total_
_funds_
_2020_
_£_
_636,942_|
|---|---|---|---|---|
||||||
## **Analysis of support costs**
|Staff costs
Depreciation
Establishment expenses
Office support expenses
Miscellaneous expenses
Legal fees
Independent Examiners fees
Other professional fees
_Total 2020_
**6.**
**Net income/(expenditure)**
Deprecation of tangible fixed assets:
-owned by the charity
Independent Examiners fees|**Recreational**
**Gymnastics**
**2021**
**£**
123,573
646
84,506
25,205
46
-
5,690
6,133
245,799
_247,777_|**Total**
**funds**
**2021**
**£**
**123,573**
**646**
**84,506**
**25,205**
**46**
**-**
**5,690**
**6,133**
**245,799**
_247,777_
**2021**
**£**
**32,172**
**5,690**|_Total_
_funds_
_2020_
_£_
_103,589_
_1,510_
_101,923_
_28,353_
_154_
_(2,400)_
_5,979_
_8,669_|
|---|---|---|---|
||||_247,777_|
||||_2020_
_£_
_21,844_
_5,979_|
During the year, no Trustees received any remuneration (2020: £Nil). During the year, no Trustees received any benefits in kind (2020: £Nil).
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## WOKING GYMNASTICS CLUB
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
## **7. Staff costs**
|Wages and salaries
Social security costs
Pension costs|**2021**
**£**
**425,301**
**13,862**
**3,772**
**442,935**|_2020_
_£_
_400,518_
_27,967_
_6,860_|
|---|---|---|
||||
|||_435,345_|
The average number of persons employed by the Charity during the year was as follows:
|Support and administration
Contract support staff
Coaching staff|**2021**
**No.**
**4**
**2**
**33**
**39**|_2020_
_No._
_4_
_2_
_37_|
|---|---|---|
||||
|||_43_|
No employee received remuneration amounting to more than £60,000 in either year.
The amount of remuneration awarded to key management personnel was £106,311 (2020: £87,466).
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## WOKING GYMNASTICS CLUB
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
## **8. Tangible fixed assets**
|**Cost**
At 1 October 2020
Additions
Transfers to expenditure
At 30 September 2021
**Depreciation**
At 1 October 2020
Charge for the year
At 30 September 2021
**Net book value**
At 30 September 2021
_At 30 September 2020_|**Sports hall**
**& car park**
**£**
**90,603**
**-**
**-**
**90,603**
**81,146**
**3,786**
**84,932**
**5,671**
_9,457_|**Leasehold**
**property**
**£**
**11,683**
**-**
**-**
**11,683**
**10,934**
**300**
**11,234**
**449**
_749_|**Floor, foam**
**& equipment**
**£**
**328,600**
**11,012**
**-**
**339,612**
**289,757**
**13,366**
**303,123**
**36,489**
_38,843_|**Office**
**equipment &**
**Fixtures**
**£**
**29,840**
**-**
**-**
**29,840**
**27,082**
**630**
**27,712**
**2,128**
_2,758_|**Work in**
**progress**
**assets**
**£**
**98,304**
**-**
**(27,944)**
**70,360**
**1,174**
**14,090**
**15,264**
**55,096**
_97,130_|**Total**
**£**
**559,030**
**11,012**
**(27,944)**|
|---|---|---|---|---|---|---|
|||||||**542,098**|
|||||||**410,093**
**32,172**|
|||||||**442,265**|
|||||||**99,833**|
|||||||_148,937_|
|**9.**
**Stocks**
Finished goods and goods for resale
**10.**
**Debtors**
**Due within one year**
Trade debtors
Other debtors
Prepayments and accrued income
Tax recoverable|**2021**
**£**
**5,255**
**2021**
**£**
**3,846**
**552**
**6,618**
**140**
**11,156**|_2020_
_£_
_7,778_|
|---|---|---|
|||_2020_
_£_
_3,925_
_552_
_4,825_
_140_|
||||
|||_9,442_|
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DocuSign Envelope ID: 0ED24449-4F8B-4D71-8BEB-1A2846ECEB93
## WOKING GYMNASTICS CLUB
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
## **11. Creditors: Amounts falling due within one year**
|Bank loans
Trade creditors
Other taxation and social security
Accruals and deferred income|**2021**
**£**
**50,000**
**12,063**
**-**
**6,477**
**68,540**|_2020_
_£_
_-_
_5,608_
_19,252_
_7,597_|
|---|---|---|
||||
|||_32,457_|
## **12. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted funds**
Reserves
**Statement of funds - prior year**
**Unrestricted funds**
Reserves|**Balance at 1**
**October 2020**
**£**
**423,948**
_Balance at_
_1 October_
_2019_
_£_
_528,029_|**Income**
**£**
**594,210**
_Income_
_£_
_532,861_|**Expenditure**
**£**
**(623,705)**
_Expenditure_
_£_
_(636,942)_|**Balance at 30**
**September**
**2021**
**£**
**394,453**|
|---|---|---|---|---|
|||||_Balance at_
_30 September_
_2020_
_£_
_423,948_|
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DocuSign Envelope ID: 0ED24449-4F8B-4D71-8BEB-1A2846ECEB93
## WOKING GYMNASTICS CLUB
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
## **13. Reconciliation of net movement in funds to net cash flow from operating activities**
|Net expenditure for the year (as per Statement of Financial Activities)
**Adjustments for:**
Depreciation charges
Fixed asset transfer
Decrease/(increase) in stocks
Increase in debtors
Increase/(decrease) in creditors
**Net cash provided by/(used in) operating activities**
**14.**
**Analysis of cash and cash equivalents**
Cash in hand
**Total cash and cash equivalents**
**15.**
**Analysis of changes in net debt**
**At 1 October**
**2020**
**£**
Cash at bank and in hand
**290,248**
Debt due within 1 year
**-**
**290,248**|**2021**
**£**
**(29,495)**
**32,172**
**27,944**
**2,523**
**(1,714)**
**(13,917)**
**17,513**
**2021**
**£**
**346,749**
**346,749**
**Cash flows**
**£**
**56,501**
**(50,000)**
**6,501**|_2020_
_£_
_(104,081)_|
|---|---|---|
|||_22,949_
_-_
_(2,106)_
_(7,041)_
_844_|
||||
|||_(89,435)_|
|||_2020_
_£_
_290,248_|
||||
|||_290,248_|
|||**At 30**
**September**
**2021**
**£**
**346,749**
**(50,000)**|
|||**296,749**|
## **16. Related party transactions**
The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 30 September 2021.
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DocuSign Envelope ID: 0ED24449-4F8B-4D71-8BEB-1A2846ECEB93
## WOKING GYMNASTICS CLUB
## INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2021
|**Income**
Donations
Grants
Membership Subscriptions
Gift aid tax recovered
Other fundraising income
Clothing & other gymnastic activities
Coaching income
200 Club
Other miscellaneous income
Goverment grants
**Less:**
**Charity expenditure**
Clothing and other gymnastic activities
Other gymnastic costs
Bursaries
Fundraising expenses
Repairs and maintenance
Direct costs - wages & salaries
Direct costs - NI
Direct costs - depreciation
Direct costs - pension
Support costs - establishment costs
Support costs - depreciation
Support costs - wages and salaries
Support costs - NI
Support costs - office support expenses
Support costs - miscellaneous expenses
**Total Charity expenditure**
**Governance expenditure**
Independent examiners fees
Other professional fees
Bad debts written off
Legal fees
**Total Governance expenditure**
**Deficit for the reporting period**|**2021**
**£**
**956**
**54,257**
**56,168**
**7,677**
**491**
**17,474**
**380,880**
**1,125**
**521**
**74,661**
**14,997**
**56,050**
**5,000**
**-**
**28,766**
**311,445**
**4,145**
**31,526**
**3,772**
**-**
**646**
**113,856**
**9,717**
**25,205**
**46**
**5,690**
**6,133**
**6,711**
**-**|**2021**
**£**
**594,210**
**605,171**
**18,534**
**(29,495)**|_2020_
_£_
_7,964_
_29,000_
_39,305_
_10,418_
_3,806_
_20,042_
_335,614_
_2,849_
_950_
_82,913_
_13,538_
_76,805_
_4,398_
_559_
_9,045_
_305,367_
_19,529_
_20,334_
_6,860_
_39,758_
_1,510_
_95,151_
_8,438_
_28,353_
_154_
_5,979_
_7,064_
_(3,500)_
_(2,400)_|_2020_
_£_|
|---|---|---|---|---|
|||||_532,861_|
||||||
|||||_629,799_|
||||||
|||||_7,143_|
|||||_(104,081)_|
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